Sunday July 5, 2020

Aer Lingus operating profits fall sharply to €50 million

Operating profits at Aer Lingus this year are expected to be €50 million, half of last year's figure, according to the latest financial forecasts.

23rd July, 2005

Operating profits at Aer Lingus this year are expected to be €50 million, half of last year's figure, according to the latest financial forecasts.

This latest blow to the airline is linked to rising fuel prices and a failure by management to implement cost-cutting work practices and rostering changes on the workforce. Sales on short-haul routes have increased by 30 per cent, but yields are down, due partly to the cost of developing new routes.

The...

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